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January 27, 2017

Get Ready for the First Shocks of Trump's Disaster Capitalism

Naomi Klein- WE ALREADY KNOW that the Trump administration plans to deregulate markets, wage all-out war on “radical Islamic terrorism,” trash climate science and unleash a fossil-fuel frenzy. It’s a vision that can be counted on to generate a tsunami of crises and shocks: economic shocks, as market bubbles burst; security shocks, as blowback from foreign belligerence comes home; weather shocks, as our climate is further destabilized; and industrial shocks, as oil pipelines spill and rigs collapse, which they tend to do, especially when enjoying light-touch regulation.

All this is dangerous enough. What’s even worse is the way the Trump administration can be counted on to exploit these shocks politically and economically. Read more + video.